Available for residents of the United States, Bank7 is offering 1.50% APY when you open an Online Money Market account. Keep reading below to learn everything you need to know about Bank7.
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About Bank7 Online Money Market
Bank7 is a full-service Oklahoma-based community bank chartered in 1901. In an age of electronic banking transactions and faceless decision-makers, Bank7 believes in customer satisfaction, community support, and knowing your banker.
|Balance Requirement||APY Rate|
|$5,000.00 – $999,999.99||1.50% APY|
Bank7 Online Money Market Money Market Rate
To earn this competitive rate, simply have an opening deposit of $5,000 then you must maintain that $5,000 daily balance to receive your monthly interest.
- Account Type: Online Money Market
- Interest Rate: 1.50% APY
- Availability: Nationwide
- Minimum Balance: $5,000
- Maximum Balance: $999,999.99
- Credit Inquiry: Unknown
- Opening Deposit: $5,000
- Monthly Fee: $15 monthly fee can be avoided with a balance of $5,000 or more
- Early Termination Fee: None listed
Bank7 ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with Bank7 ACH capabilities.
How to Earn Bank7 Rate
- Open an Online Money Market account from Bank7 with an opening deposit of $5,000.
- Interest is paid monthly with a minimum daily balance of $5,000
Why You Should Sign Up For This Account
- Competitive, tiered variable rate of interest
- Money is insured by FDIC so you can have peace of mind
- Interest is paid monthly
- Unlimited withdrawals in person, at ATM, by mail, or by messenger
- Unlimited deposits
This rate is great for balances between $5,000-$999,999.99. The opening deposit automatically waives the monthly fee, leaving you less to worry about. Take advantage of the services they have to offer along with these savings.
Let us know about your experience with this bank and comment below. For more bank offers, see the complete list of Best Bank Rates!
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